Malibu Boats Inc (NASDAQ:MBUU) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.25.

MBUU has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Malibu Boats from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, May 8th. KeyCorp increased their price objective on shares of Malibu Boats from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, April 23rd. BidaskClub cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine cut shares of Malibu Boats from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, SunTrust Banks increased their price objective on shares of Malibu Boats to $48.00 and gave the company a “positive” rating in a research note on Thursday, May 3rd.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Malibu Boats by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,397 shares of the company’s stock worth $32,562,000 after purchasing an additional 15,254 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Malibu Boats in the 2nd quarter worth about $235,000. Spark Investment Management LLC bought a new stake in shares of Malibu Boats in the 2nd quarter worth about $729,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Malibu Boats by 27.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 124,810 shares of the company’s stock worth $5,235,000 after purchasing an additional 27,073 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Malibu Boats in the 2nd quarter worth about $985,000.

Shares of Malibu Boats opened at $38.58 on Friday, MarketBeat Ratings reports. Malibu Boats has a 52-week low of $25.18 and a 52-week high of $46.49. The firm has a market capitalization of $778.93 million, a PE ratio of 25.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 1.87 and a debt-to-equity ratio of 0.85.

About Malibu Boats

Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.

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Analyst Recommendations for Malibu Boats (NASDAQ:MBUU)

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